Pennsylvania Small Businesses: Five Fast Facts

May 13, 2024

Delaney Sexton
Contributing Editor

Pennsylvania Small Businesses: Five Fast Facts

There are 1.1 million businesses in Pennsylvania that employ 2.6 million people.
Small businesses contributed a net increase of 184,922 new jobs between March 2021 and March 2022.
In 2021, banks issued $4.1 billion in loans to businesses with revenues of $1 million or less.
New lending to businesses through loans of $1 million or less was $13.7 billion in 2021.
Pennsylvania small businesses exported $12.6 billion in goods during 2021.